All state institutions must use the same salary system to prevent misuse of public money. The parliament’s Article 90 Commission put forth a 10-point proposal for organizing executive pay in the…
Economy
Economy
Brazilian companies such as Embraer SA and Marcopolo SA are scrambling to close multibillion-dollar deals to sell planes and buses to Iran, seeking to navigate remaining US financial sanctions,…
Economy
Islamic Republic of Iran Shipping Lines is planning to expand its shipping fleet by the end of 2020 by utilizing mega-size container ships and Ultramax class bulker carriers, announced the…
Economy
Tehran Stock Exchange’s main index lost 152.30 points or 0.20% to end Wednesday trade at 77,183.
More than 1.1 billion shares valued at $65.2 million changed hands for the day.
Ilam…
Economy
Bank Mellat’s payment application “Seke” (Persian for coin) now allows customers to use NFC (Near Field Communication) technology for making payments. Rostam Shah Garshasbi, director of Beh…
Economy
The dual forex rate regime will come to an end within "the next two or three months", said the minister of economy in what is seen as the most definitive announcement by a top official about the…
Economy
Iran-Germany trade stands at €2.3 billion, according to the Parliamentary State Secretary at Germany's Federal Ministry for Economic Affairs and Energy.
Economy
The US dollar was sold for 36,000 rials in Tehran on Wednesday, marking the highest rate since the start of the current fiscal year in March. The currency had started a modest rally up from last…
Economy
Iran will import around 3,000 tons of meat from Armenia and Mongolia to meet the demand for this product during the lunar month of Muharram (started October 3), ISNA quoted Deputy Agriculture…
Economy
Managing Director of Government Trading Corporation of Iran Ali Qanbari said about 3 million tons of wheat in excess of the country’s need will be exported to neighboring countries in the near…
Economy
The 16th Tehran International Industry Exhibition, otherwise known as TIIE 2016, opened at Tehran’s International Permanent Fairgrounds on Wednesday. The four-day event hosts 406 domestic and 527…
Economy
About 90,000 billion rials ($2.5 billion at market exchange rates) will be invested in port projects and infrastructure this year (March 2016-17), says Deputy Minister of Roads and Urban…
Economy
Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh Behjati as his deputy for transportation affairs and the new head of Construction and Development of…
Economy
Construction noises are rumbling these days from a vast site in the Iranian capital where the city’s latest megamall is taking shape.
Economy
Faurecia, a leader in auto equipment and parts, said its historical ties with Iran have been noticed by Tehran’s automotive sector, which is rapidly inking a raft of deals with French companies as…
Economy
Iran’s auto industry production observed a 53.6% jump in the Iranian month ending Sept. 21 year-on-year.
During the period, Iranian auto manufacturers produced 93,515 units that mark a…
Economy
Moscow-based Cognitive Technologies said it is ready to release a pre-commercial version of an advance driver assistance system with artificial intelligence, or ADAS, for Russia’s KAMAZ truck.
Economy
Iran Khodro Company, the largest domestic auto manufacturing firm, has announced that it has plans to bring in Peugeot 508.
The announcement was made on the sidelines of the 20th edition of…
Economy
The Fourth International Conference of Auto Industry will be held this autumn in the Iranian capital Tehran, according to automotive sources. Sasan Qorbani, the secretary of the event, noted that…
Economy
French cosmetics retailer Sephora will postpone the opening of several retail outlets in Iran to end-2017 from 2016 as initially planned because the right financial and political conditions are…
Economy
Close to 20.7 million tons of non-oil goods were exported from Bushehr Province’s customs offices in southern Iran during the first half of the current Iranian year (started March 20), registering…
Economy
Of the 13.2 million tons of imports worth almost $16.7 billion during the five months of the current Iranian year (started March 20), more than 20% constituted capital goods worth $3.4 billion, a…
Economy
Totally 2,431 closed industrial units, which employed 46,000 people, have been revived from July 23, 2013—when President Rouhani took office—to July 21, 2016, the head of Iran Small Industries and…
Economy
The five-day Omani Products Exhibition dubbed OPEX concluded last week in Tehran, helping Iranian investors and traders take stock of business opportunities in the Persian Gulf state.
Economy
Norwegian companies AKVA Group and Aqualine have signed a deal to supply technical aquaculture equipment to Iran to boost production capacity by 20,000 tons.
The agreement was signed on…
Economy
